Real Estate Mutual Fund

Market regulator Securities and Exchange Board of India (Sebi) said it would issue guidelines on real estate mutual funds in the subsequent fifteen days.

“SEBI is ready with guidelines on real estate mutual funds that could be issued any day. The outer time limit to issue guidelines is fifteen days. This would enable retail investors to access the realty market which has witnessed a boom in the last few years,” T C Nair, whole time member, Sebi said at a conference on real estate mutual funds, organised by industry body Assocham.

Further Nair said that legal matters together with accounting and valuation have been resolved and rules could be issued anytime.

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  1. […] is likely to increase to $1.4 trillion by then, with Indian REITs accounting for $70 of the total. Assocham President Venugopal Dhoot notes that in India, only venture capital funds are currently allowed to […]